MPs Accuse Government of Mis-Selling Student Loans in England and Wales
Members of Parliament have stated that the promotion of student loans in England and Wales, particularly comparisons to phone contracts, amounted to mis-selling. They also urged the next chancellor to scrap the three-year threshold freeze on student loans.
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Comparing student loans to phone contracts 'amounted to mis-selling', MPs say
A new report says students were not well-enough informed that their loan terms could change retrospectively.
Read full article →Student loan promotion in England and Wales amounted to mis-selling, MPs say
Treasury select committee also says ministers have moral obligation to reverse last year’s repayment threshold freeze Slideshows that compared student loan repayments with the cost of a mobile phone contract, and YouTube videos that did not mention the fact that loan terms could change amounted to mis-selling by the government, MPs have said. The chancellor, Rachel Reeves, caused a furore last year when she announced that the repayment threshold on plan 2 student loans would be frozen at £29,...
By Hilary Osborne
Read full article →Next chancellor must scrap student loans three-year threshold freeze, MPs say
Ministers are facing criticism for how they have handled repayment terms for graduates, in particular those with so-called ‘plan 2’ loans
By David Lynch
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